SOLUTION: what will be the total amount after 8 years and 4 months if 2475 is invested at 2.75% compounded continuously?

SOLUTION: what will be the total amount after 8 years and 4 months if 2475 is invested at 2.75% compounded continuously?

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Question 1069377: what will be the total amount after 8 years and 4 months if 2475 is invested at 2.75% compounded continuously?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
P=Poe^(rt), where r=0.0275 (11/400) and t=8.333 (25/3)
P=2475e^(.229) = without rounding until the end $3112.44 ANSWER
done with fractions product is (275/1200), and there is no change.
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